Real Money and Fake Money
Hi guys! I linked my blog over on another thread concerning Objectivist Essays, which is basically what my blog does. I was asked to make a thread about it the next time I wrote something.
This essay concerns real money and fake money, and the damage done in a FIAT system. It may be basic, but I enjoy focusing my thoughts from head onto paper.
The main link to my blog is in the Title URL, and here's the individual link for this essay: http://dannesrepossessions.wordpress.com... .
This essay concerns real money and fake money, and the damage done in a FIAT system. It may be basic, but I enjoy focusing my thoughts from head onto paper.
The main link to my blog is in the Title URL, and here's the individual link for this essay: http://dannesrepossessions.wordpress.com... .
SOURCE URL: http://dannesrepossessions.wordpress.com/
I have heard this many times, and it never makes any sense. I can keep track of what fiat money buys and how much I can charge. If prices are reasonably stable, fiat money is a good store of value. It's not good long term. But if I want to buy integrated circuits, buy solder to put them on a board, buy printed circuit board, and I want to sell radio modules, fiat money does a good job. I don't notice the money changing value while I'm walking it to the bank or to trade for a long-term store of value such as an office building.
If there's so much inflation, I should be charging way more and paying way more for parts and contractors. I don't see that happening.
I do not associate it with any gov't policies. It's all people going out and finding ways to solve other people's problems and provide services to them.